AUDUSD - We're Still Going Down!

14 ก.ย. 2023

Analysis:
Bearish Confluences

• Strong downwards trend
  
• Retesting an area of significance
  
• "Golden zone" fib retracement area
  
• Downwards trendline touch
  
• The AUD is the 2nd weakest major currency whereas the USD is the 3rd strongest major currency
  
• 7K long position decrease for the AUD
  
• 6K short position increase for the AUD
  
• 1K short position decrease for the USD
  
• Recent USD news has been bullish
  

Bullish Confluences

• Recent AUD news has been bullish
  

Stay Safe - The JPI Team
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

14 ก.ย. 2023

การซื้อขายยังคงดำเนินอยู่

Our entry criteria has been met and our order has been filled. We are short looking for this downwards trend to continue as the AUD becomes weaker.

20 ก.ย. 2023

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

Trade Closed
(-1R) Lost
After Trade Comments:
From the start this trade was looking good as we saw price fail to break above the area of resistance, however leading up to FOMC we saw the USD weaken which caused price to make a move to the upside, eventually stopping us out. Although this trade was a loss, we did everything to plan and with the recent wins we've taken this loss is expected and completely normal so we have no need to worry about it. You can't win every trade you take. The only thing you can control is how you execute and manage your trades. If you've done everything you should to your plan then you have no need to worry if you take a loss, the market just didn't move in your favour which happens. As a trader you need to be okay and accept losses when you take them because they are a part of trading. Don't dwell on your losses if there's no need to. What you need to do instead is focus on the next setup, focus on sticking to your plan exactly and letting your edge playout. If you do that then you have no need to worry ever because in the long run you will be profitable. Stick to your plan, never deviate because the second you do you'll lose your edge you once had. With that being said lets move on and see what other setups are forming!

Stay Safe - The JPI Team